London-listed MySQUAR, a technological company with Myanmar operations, has reportedly launched an inbound remittance service in the country, months after it acquired mobile payment operator MyPAY Myanmar as part of a US$ 2.6 million deal. An article in Dealstreet Asia said that the first phase of the development will offer services between Myanmar and Singapore, before it is expanded to countries with a high number of Myanmar expatriates, including Thailand and Malaysia, as well as Dubai in the United Arab Emirates, quoting Eric Schaer, MySQUAR CEO. The article cited a Telenor report saying that Myanmar leads the way in ASEAN for 3G/4G rollouts, with 90 percent of the population living within range of mobile broadband. “We see many opportunities for growth especially as smart phone usage and disposable income continue to increase,” Schaer was quoted as saying. According to its website, MySQUAR had 22 million registered users as of December 2017, accounting for almost half of the country’s population.
Upcoming Events
- No events
- all events
Highlights
Terminals, ports, logistics, liner operations disrupted
German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar …Facebook, Instagram ban military and related pages with immediate effect
In a February 24th update to its February 11th statement, Facebook through its Director of …Luxury Japanese real-estate complex called out for funding military
Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, …
Myanmar in the Media
- India starts deporting Myanmar refugeesSource: Bangkok Post Recent StoriesMay 2, 202414 hours ago
- South Korea raises terror alert following reported North Korea threat Source: Voice of America East AsiaMay 2, 202416 hours ago
- Myanmar refugees flee conflict and conscriptionSource: Voice of America East AsiaApril 30, 20242 days ago
- Thai foreign minister quits after cabinet reshuffleSource: Voice of America East AsiaApril 29, 20244 days ago
Thura NewsViews
Myanmar’s most widely read newsletter on the country’s politics, economy and businesses brought to you by Thura Swiss